Vice President of Asset Management

6 days ago

Birmingham, Alabama, United States Capstone Development Partners Full time
Job Title: Vice President of Asset Management

Capstone Development Partners is a leading national student housing developer that operates under the core value of "doing the right thing." We foster a collaborative approach with our clients, employees, and partners, and we believe that our people are our most valuable asset. Our inclusive, family-oriented culture welcomes individuals who are passionate about joining a successful industry leader in student housing development.

Key Responsibilities:

  • Lead the Asset Management Division and staff/team to maximize portfolio performance and long-term asset value through strategic oversight of operations, maintenance, and capital renewal planning.
  • Monitor property operations of Capstone-owned or operated assets via regular communication with stakeholders, site inspections, and monthly reporting requirements.
  • Develop and implement capital renewal plans to identify, schedule, coordinate, and administer property-level capital renewal.
  • Oversee asset administration, including collaboration with the CFO and accounting team, risk management, and insurance claims management.
  • Negotiate and manage leases for retail and office space in mixed-use properties.
  • Coordinate and oversee the development of annual budgets and marketing plans, and regularly analyze asset performance for presentations to stakeholders.

Requirements:

  • College degree.
  • 10+ years of relevant experience in project financial management/asset management/facility operations.
  • Experience overseeing facility maintenance and capital planning activities for multifamily and/or student housing properties.
  • Strong management, collaboration, and team development skills with a proven ability to lead various project teams.
  • Ability to take initiative and use sound judgment on decision making within the scope of assigned responsibilities.
  • Maintain trusted and respectful relationships with clients, business partners, and team members.
  • Ability to independently and proactively identify, analyze, and resolve complex problems.
  • Strong communication skills with the ability to present ideas/concepts effectively, both orally and in writing.
  • Proficient in Microsoft Office Suite.
  • Proficient with Computer Maintenance Management Systems such as Yardi and Entrata preferred.

Compensation:

A salary range of $130k - $160k, contingent on experience and education, with an annual discretionary performance bonus awarded based on company profitability and individual performance.

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